Wood Boat and Motor, Inc. ∙ 3630 West Shore Road, Warwick, RI
Loan Amount: $100,000 for Real Estate ∙ Job Creation: 2
Lending Team: Angela Laperriere, SEED & Tamarah Bacon, Pawtucket Credit Union
Debbie Wood and her husband Russell founded Wood Boat and Motor over 22 years ago and with the help of a small business loan are now able to purchase the commercial building her business has occupied since 2002. The financing will not only enable the marine sales business to continue to serve New England boaters, but will also allow Wood Boat and Motor to expand and create two new jobs.
Wood Boat and Motor offers a full line of Carolina Skiff, Bass Cat, Evinride, and Campion boats with a wide variety of accompanying in-board and out-board motors. Their services include warranty work, fiberglass repair, winterization, and much more. The business is open Monday through Friday from 8:00 am to 5:00 pm, and Saturday from 8:00 am to noon. For more information, visit their website.